Cassidy, Bennet, Young Reintroduce the Waterway LNG Parity Act

U.S. Senators Bill Cassidy, M.D. (R-LA), Michael Bennet (D-CO) and Todd Young (R-IN) reintroduced the Waterway LNG Parity Act. The bill requires excise taxes on liquefied natural gas for marine transportation on inland waterways be levied at a rate consistent with energy output relative to diesel and gasoline.

Currently LNG as fuel usage would be taxed 50 cents for the same amount of energy contained in a gallon of diesel fuel that is only taxed at 29 cents. The legislation would change the inland waterways financing rate to provide equal treatment within the federal tax code.

“Natural gas is a clean, domestic energy source that should be treated equally to gasoline and diesel,” said U.S Senator Bill Cassidy. “We should be encouraging the use and production of LNG—benefiting the economy and workers in Louisiana.”